this post was submitted on 15 Nov 2024
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[–] [email protected] 1 points 5 months ago* (last edited 5 months ago) (4 children)

Oh great. We live in a world where these fuckers set prices based on what people can afford. This change would provide more headroom for them to increase prices, effectively shifting money from the government to Galen's pocket. If Jagmeet is serious about tackling this, he should start socializing the big bad words - price controls, nationalization, creating national grocer/telecom/etc, company breakup. If he wants to tack on removing the regressive sales tax on necessities in addition - that would be fine. In the absence of changing the market, it's going to provide temporary relief and long term higher profit for the big firms.

[–] [email protected] 2 points 5 months ago

This change would provide more headroom for them to increase prices

But people would notice that immediately. Listed prices don't include the GST/HST.

The other part of the promise is the following:

Singh says an NDP government will pay the tax cut with an excess profit tax paid by very large corporations that hike their profit margins.

So, it's basically in line with the ethos of "tax the rich and feed the poor." I love it.

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